AVID BIOSERVICES INC (CDMO) Stock Technical Analysis
USA - NASDAQ:CDMO - US05368M1062 - Common Stock
Taking everything into account, CDMO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CDMO is showing a nice and steady performance.
CDMO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.46, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.06
2 important support areas can be observed.
- A support zone ranging from 11.79 to 12.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.16 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.50 to 12.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CDMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDMO is up. |
| ChartMill Relative Strength | 91.92 | POSITIVE | CDMO has a high relative strength, it outperformed 91.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.35 | NEUTRAL | The RSI value for CDMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CDMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.24 | OVERBOUGHT | The high Stochastics value suggests CDMO may be overbought. |
| Average True Range in percent/ATR (20) | 0.34 | LOW VOLATILITY | The low ATR as a percentage value for CDMO suggests low volalility. |
| Average Directional Index/ADX (14) | 18.07 | NEGATIVE | The low ADX value for CDMO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.51 | 12.38 | 0.13 (1.04%) | 25.00% |
| An entry @12.51. This is a Buy Stop order right above the resistance zone. | An exit @12.38. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 1.04%. | For a 0.26% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:CDMO (2/4/2025, 8:00:02 PM)
12.49
+0.01 (+0.08%)
AVID BIOSERVICES INC / CDMO FAQ
What is the ChartMill technical rating of AVID BIOSERVICES INC (CDMO) stock?
ChartMill assigns a technical rating of 10 / 10 to CDMO.
Can you provide the trend direction for AVID BIOSERVICES INC?
The current trend direction for AVID BIOSERVICES INC (CDMO) is Bullish.
Can you provide the RSI signal for AVID BIOSERVICES INC?
AVID BIOSERVICES INC (CDMO) has an RSI value of 66.3509. This indicates that the stock is currently neutral.
What is the MACD signal for CDMO stock?
The MACD indicator for AVID BIOSERVICES INC (CDMO) has a value of -0.00634586, indicating a bearish trend.
What is the short term momentum for AVID BIOSERVICES INC (CDMO) stock?
The short term momentum for AVID BIOSERVICES INC (CDMO) is positive.